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Teamway International Faces Enforcement Order for Subsidiary’s Asset Auction

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Teamway International Faces Enforcement Order for Subsidiary’s Asset Auction

Elevate Your Investing Strategy:

The latest announcement is out from Teamway International Group Holdings Limited ( (HK:1239) ).

Teamway International Group Holdings Limited has announced that its subsidiary, Sichuan Hejing Packing Materials Co., Ltd., has received an enforcement order from the People’s Court of Luojiang District, Deyang City, to auction four of its premises to fulfill a payment obligation. The company asserts that this order does not currently impact its overall business operations, and it will continue to update stakeholders on any significant developments in the legal proceedings.

More about Teamway International Group Holdings Limited

Teamway International Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the packaging industry. Its primary services include the management and operation of its subsidiaries, such as Sichuan Hejing Packing Materials Co., Ltd., which focuses on packaging materials.

Average Trading Volume: 1,632,964

Technical Sentiment Signal: Sell

Current Market Cap: HK$58.4M

Learn more about 1239 stock on TipRanks’ Stock Analysis page.

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